gbpusd h8 distribution / reshort it tp +340 pips

🔸Hello traders, let's review the 8hour chart for GBPUSD today. Recently
price was locked in distribution range since December 2023.
Breakdown in progress, however don't get trapped short selling at
market price since the pattern will complete after the throwback
back into trading range.

🔸Trading range is defined by range highs at 2750 and range lows at 2660,
premium prices overhead at 2775/2795 and below at 2525/2455.
Distribution in progress, broke down already, throwback now.

🔸Recommended strategy for GBPUSD bears: short sell rips/rallies
toward the mid of the trading range at/near 2630/2660, SL 2720,
TP1 +160 pips TP2 +320 pips final exit short at 2300/2320.
swing trade setup, patience required. good luck!

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Comment:

gbpaud h4 short from resistance tp +250 pips